Hong Kong Exchanges and Clearing (HKEx) has reported a decrease of 26% in average daily turnover – a loss partly attributable to a 13% drop in the Hang Seng Index.
Average daily equities turnover at HKEx in January was HK$55.62 trillion, down from HK$75.02 trillion for the same period last year.
The average daily number of futures and options in January decreased by 3% to 493,038 contracts, from 506,832 contracts recorded for the same period last year. The average daily volume of equity index futures in January increased 7% to 172,586 contracts, up from 161,391 contracts 12 months earlier. On 31 January, the open interest of HSCEI Dividend Point Index Futures reached a record high of 45,280 contracts.
The Hang Seng Index (HSI) tracks the performance of the top 45 companies listed in the Hong Kong stock market. HKEx is expected to begin trading volatility futures on 20 February, following the introduction of its HSI Volatility index last year. The exchange is also planning to offer after-hours futures trading from the second half of this year, subject to regulatory approval.